KURICA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KURICA
Largest movements
- Tangible fixed assets -€261,780
down €261,780 (-6.3%), from €4.1m to €3.9m
of which Land and buildings: -€270,076
- Other debts -€665,565
down €665,565 (-42.6%), from €1.6m to €895,711
- Reserves +€531,528
up €531,528 (+230%), from €230,824 to €762,352
of which Distributable reserves: +€504,528
- Debts after one year -€198,122
down €198,122 (-12.8%), from €1.5m to €1.3m
- Tax, wage and social debts +€52,525
new in 2025: €52,525
- Gross operating margin +€742,763
up €742,763 (+249%), from €298,243 to €1.0m
- Taxes +€202,584
new in 2025: €202,584
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,175,181 | €3,903,672 | -€271,509 | -6.5% |
| Fixed assets | 21/28 | €4,146,185 | €3,884,405 | -€261,780 | -6.3% |
| Tangible fixed assets | 22/27 | €4,146,185 | €3,884,405 | -€261,780 | -6.3% |
| Land and buildings | 22 | €4,135,843 | €3,865,766 | -€270,076 | -6.5% |
| Plant, machinery and equipment | 23 | €10,343 | €18,639 | +€8,297 | +80.2% |
| Current assets | 29/58 | €28,996 | €19,267 | -€9,729 | -33.6% |
| Amounts receivable within one year | 40/41 | €885 | €0 | -€885 | -100% |
| Other amounts receivable | 41 | €885 | €0 | -€885 | -100% |
| Cash at bank and in hand | 54/58 | €20,184 | €12,548 | -€7,637 | -37.8% |
| Deferred charges and accrued income | 490/1 | €7,926 | €6,719 | -€1,207 | -15.2% |
| Total equity and liabilities | 10/49 | €4,175,181 | €3,903,672 | -€271,509 | -6.5% |
| Equity | 10/15 | €882,784 | €1,414,312 | +€531,528 | +60.2% |
| Contributions | 10/11 | €651,960 | €651,960 | = | 0.0% |
| Capital | 10 | €651,960 | €651,960 | = | 0.0% |
| Issued capital | 100 | €651,960 | €651,960 | = | 0.0% |
| Reserves | 13 | €230,824 | €762,352 | +€531,528 | +230% |
| Non-distributable reserves | 130/1 | €18,750 | €45,750 | +€27,000 | +144% |
| Legal reserve | 130 | €18,750 | €45,750 | +€27,000 | +144% |
| Distributable reserves | 133 | €212,075 | €716,603 | +€504,528 | +238% |
| Amounts payable | 17/49 | €3,292,397 | €2,489,360 | -€803,037 | -24.4% |
| Amounts payable after more than one year | 17 | €1,545,834 | €1,347,712 | -€198,122 | -12.8% |
| Financial debts | 170/4 | €1,545,834 | €1,347,712 | -€198,122 | -12.8% |
| Amounts payable within one year | 42/48 | €1,746,563 | €1,140,235 | -€606,328 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €184,581 | €189,510 | +€4,929 | +2.7% |
| Trade debts | 44 | €707 | €2,488 | +€1,782 | +252% |
| Suppliers | 440/4 | €707 | €2,488 | +€1,782 | +252% |
| Taxes, remuneration and social security | 45 | - | €52,525 | +€52,525 | |
| Taxes | 450/3 | - | €52,525 | +€52,525 | |
| Other amounts payable | 47/48 | €1,561,276 | €895,711 | -€665,565 | -42.6% |
| Accrued charges and deferred income | 492/3 | - | €1,413 | +€1,413 | |
| Non-recurring operating income | 76A | - | €758,691 | +€758,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,583 | €219,916 | +€8,334 | +3.9% |
| Other operating charges | 640/8 | €31,976 | €31,813 | -€163 | -0.5% |
| Gross operating margin | 9900 | €298,243 | €1,041,006 | +€742,763 | +249% |
| Operating profit (loss) | 9901 | €54,684 | €789,276 | +€734,592 | +1,343% |
| Financial income | 75/76B | €60 | €195 | +€135 | +225% |
| Recurring financial income | 75 | €60 | €195 | +€135 | +225% |
| Financial charges | 65/66B | €47,767 | €55,359 | +€7,593 | +15.9% |
| Recurring financial charges | 65 | €47,767 | €55,359 | +€7,593 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €6,977 | €734,112 | +€727,134 | +10,421% |
| Income taxes | 67/77 | - | €202,584 | +€202,584 | |
| Profit (loss) for the period | 9904 | €6,977 | €531,528 | +€524,550 | +7,518% |
| Profit (loss) for the period to be appropriated | 9905 | €6,977 | €531,528 | +€524,550 | +7,518% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.